Nonito knocks him out cold. I love Oubaali, but he's too aggressive, way too reckless, too easy to hit and while he has a solid chin, he was stunned by Warren and hurt by the ugly Inoue brother, if he fights like a maniac here, Donaire will decapitate him. The same would happen to Luis Nery, although I'd picked Oubaali to beat Nery, because Oubaali would capitalize on Nery's reckless mistakes..
I worry that at this stage, the glint off that Shining Jewel has more luster than does the Flash. In his prime, Nonito is head and shoulders above Nordine p4p, but - there comes a point when size (natural and career-long snug-fit bantam versus a flyweight who, yes, happened to compete as high as featherweight but only because he's a freaking boss) and ring age (chronologically Donaire is actually only three years Oubaali's senior) do matter. (case in point: Kovalev losing to Storm the first time, and failing to utterly dominate Yarde and dispatch him early)